Press release
ISO Tank Container Market: Major Trends Reshaping the Future of the Industry
ISO Tank Container
ISO Tank Container Market Size Growth Forecast: What to Expect by 2025?
The market size of the ISO tank container has seen significant expansion in the past years. It's projected to boost from $1.63 billion in 2024 to $1.78 billion in 2025, marking a compound annual growth rate (CAGR) of 9.3%. The considerable growth during the historic era is due to the upscaling of maritime commerce, a surge in mergers and acquisitions, and a rise in financial investments.
How Will the ISO Tank Container Market Size Evolve and Grow by 2029?
In the forthcoming years, the ISO tank container market size is set for explosive growth. The market valuation is projected to hit $2.62 billion in 2029, reflecting a compound annual growth rate (CAGR) of 10.1%. This growth during the forecasted period can be linked to factors such as the burgeoning petrochemical sector, the influx in oil and gas exports, rising use of shipping containers, and escalating import and export undertakings. Key trends expected during the forecast period entail collaborations with companies that offer IoT software, the development of smart solutions facilitated by cutting-edge smart technologies, the deployment of AI-powered trackers in ISO tank containers, introduction of online tracking solutions, the adoption of progressive solutions like optical character recognition, and the unveiling of innovative products.
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What Drivers Are Propelling the Growth of ISO Tank Container Market Forward?
The ISO tank container market is set for a boost, primarily driven by the burgeoning petrochemical industry. ISO tank containers, made of stainless steel and fortified with protective layers, are used for conveying hazardous petrochemicals, offering protection against their corrosive effects. The International Energy Agency indicates that petrochemicals could contribute to around 50% of the surge in global oil requirement between 2030 and 2050, adding nearly 7 million barrels of oil. With less than 50% carbon footprint, ISO tank containers are extensively employed for chemical transportation in petrochemical industries. Moreover, as per forecasts by the France-based International Energy Agency, an autonomous intergovernmental body, petrochemicals are anticipated to be responsible for over one-third of the growth in oil consumption through 2030 and nearly half through 2050, surpassing trucks, aircraft and shipping, due to the escalating demand for petrochemical goods. This underpins the conclusion that the expansion of the petrochemical industry fuels the ISO tank container market's growth.
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Which Emerging Trends Are Transforming the ISO Tank Container Market in 2025?
Key players in the ISO tank container market are prioritizing strategic investments to boost the manufacturing of innovative ISO tank containers. Making strategic investments in the ISO Tank Container market helps to enhance production efficiency, encourage product innovation, reduce operational expenses, and expand market penetration. For example, Suttons International Limited, a company based in the UK, funded the addition of 100 Additional Iso Tank Containers in March 2022 as part of its Growth Strategy. This investment aims to fortify Suttons International's global tank container fleet by incorporating an additional 100 ISO tank containers, allowing improved service offerings for existing clients and easing entry into new markets.
What Are the Key Segments in the ISO Tank Container Market?
The ISO tank container market covered in this report is segmented -
1) By Container Type: ≤30 ft, >30 ft
2) By Transport Mode: Road, Rail, Marine
3) By Application: Chemicals, Petrochemicals, Food And Beverage, Pharmaceuticals, Industrial Gas, Other Applications
Subsegments:
1) By ≤30 ft: 20 ft ISO Tank Containers, 25 ft ISO Tank Containers
2) By >30 ft: 40 ft ISO Tank Containers, 45 ft ISO Tank Containers
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Who Are the Key Players Shaping the ISO Tank Container Market's Competitive Landscape?
Major companies operating in the ISO tank container market include CIMC Container Holdings Co., Ltd., Singamas Container Holdings Limited, Welfit Oddy Industries Pty Ltd, Chart Industries Inc, Sure Tank, NT Tank, Bewellcn Shanghai Co., Ltd., Cryeng Group, M1 Engineering, Corban Energy Group, Cosco Shipping, Peacock, Leschaco, VTG Tanktainer GmbH, Suttons Group, Royal Dutch Shell, Aker Solutions, Linde, Equinor, Total Energies, Transalex, Load & Go Logistics, Baltica-Trans Co Ltd, M&S Logistics, GATX, ExxonMobil Russia, Stolt-Nielsen Limited, HOYER GmbH, Bulkhaul Ltd, Danteco Industries, Meeberg, Tankformator, THIELMANN, Tankcon, Bertschi AG, Maersk, MSC, TIL Group, Intermodal Tank Transport, NewPort Tank, Aramex, DP World, Icon Middle East
What Geographic Markets Are Powering Growth in the ISO Tank Container Market?
Europe was the largest region in the ISO tank container market in 2024. North America was the second-largest region in the ISO tank container market. The regions covered in the ISO tank container market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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